Update of a chart I made a while back with several of the most critical regression channels that I could find. The S&P is way up there riding way above the most recent channel off the March low. From the looks of past attempts like this (dot com), it does not usually end well. However, note how long the do com bubble rode the top of that channel before it eventually corrected.
Interesting. I've always thought the market was about 92% linear in terms of channels. Your chart adds more evidence to this assumption. Inside the channel, behavior is random. These are some very old trendlines. Thank you. Question: Is there anything better than RSI and MACD? They're okay. But only about 80% accurate. IMHO, it takes a few touches with RSI and MACD before they become reliable enough (95%) to trust.